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NEW YORK , March 4, 2022 /PRNewswire/ -- The hospital furniture market potential growtth difference will be USD 5.74 billion from 2021 to 2026, as per the latest market analysis report by Technavio. The report also forecasts the market to witness an accelerating growth momentum at a CAGR of 6.78%. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The rising international accreditation by hospitals, growing number of road accidents and fatal sports injuries, and leveraging internet platform to create awareness on hospital infrastructure will offer immense growth opportunities. The hospitals are ramping up their infrastructure to meet the standards of the JCI, as it is considered a significant factor by medical tourists. One of the key constituents of infrastructure is the hospital furniture comprising hospital beds, bedside tables, and examination tables and chairs. In addition, another key factor driving the global hospital furniture market growth is the growing geriatric population. However, one of the key challenges to the global hospital furniture market growth is the limited sustainability of smaller vendors. It is extremely difficult for a new player to enter the market and gain substantial revenue, as the hospital furniture manufacturing process is expensive for small and medium players. In addition, they do not have large-scale manufacturing plants to manufacture the products in bulk numbers.
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Hospital Furniture Market 2022-2026: Key Segment Highlights
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Hospital Furniture Market 2022-2026: Vendor Analysis and Scope
The hospital furniture market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Some of the major vendors of the hospital furniture market include ActiveAid LLC, Arjo AB, Bio Medical Solutions, Chang Gung Medical Technology Co. Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., Industrias H Pardo SL, Invacare Corp, LINET Group SE, Medical Depot, Medline Industries Inc., Narang Medical Ltd., NAUSICAA MEDICAL SAS, PARAMOUNT BED HOLDINGS Co. Ltd., Renray Healthcare, STERIS Plc, Stryker Corp., Sunrise Medical LLC, and The Brewer Co. LLC.
The report also covers the following areas:
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Hospital Furniture Market 2022-2026: Key Highlights
Electrical Hospital Beds Market by Product and Geography - Forecast and Analysis 2021-2025 Hospital Beds Market by Product, Application, and Geography - Forecast and Analysis 2020-2024
Accelerate at a CAGR of 6.78%
North America, Europe, Asia, and Rest of World (ROW)
US, Canada, Germany, UK, and China
Leading companies, competitive strategies, consumer engagement scope
ActiveAid LLC, Arjo AB, Bio Medical Solutions, Chang Gung Medical Technology Co. Ltd., GF Health Products Inc., GPC Medical Ltd., HILL ROM HOLDINGS Inc., Industrias H Pardo SL, Invacare Corp, LINET Group SE, Medical Depot, Medline Industries Inc., Narang Medical Ltd., NAUSICAA MEDICAL SAS, PARAMOUNT BED HOLDINGS Co. Ltd., Renray Healthcare, STERIS Plc, Stryker Corp., Sunrise Medical LLC, and The Brewer Co. LLC
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period,
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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